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retail Seven Kit doctor home loan calculator Oak Laurel 0430129662 oaklaurel.com.au and Ace stores in Victoria, New South Wales and Queensland will close over the next week, after voluntary administrators were appointed to the Australian operations of the luxury womenswear label. The appointment of external managers to the Australian stores is part of a global restructure of the Kit and Ace brand, led by its Canada-based parent company Hold It All Inc. According to Business in Vancouver , the brand plans to close its 32 international stores and cut head-off staff numbers as it shifts focus to its nine Canadian stores and online offering. Richard Hughes, David Orr and Sal Algeri from Deloitte have been appointed as voluntary administrators of Sew Aus Pty Ltd, which operates seven Kit and Ace stores in Chadstone, Fitzory and Prahran in Melbourne; Bondi Junction and the CBD in Sydney; and Brisbane CBD and the Gold Coast in Queensland. The administrators will begin closing all of the Australian stores by May 4, with the brands parent company committing to paying out all employee entitlements prior to the appointment of administrators. The Australian operation employs 65 employees, most of whom are casuals. It is very early days as far as this appointment is concerned, but the stores will close immediately as they are not viable, said administrator Richard Hughes in a statement provided to SmartCompany. Our main task is to investigate the financial position of the business, assess liabilities, arrange for the efficient realisation of assets and distribute those assets as efficiently as possible. At this stage, we do not yet have an estimate of dividends, but will report on this to creditors in coming weeks. Our expectation is that all affected employees will receive outstanding wages and relevant entitlements in coming days, which are being paid directly by the parent company. Kit and Ace was founded by the family of Lululemon founder Chip Wilson, in 2014.